Best Retirement Planning in Singapore
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8 Best Retirement Plans in Singapore: A Complete Guide

It’s never too late to start investing in your future as a retiree because we never know what lies ahead of us. It’s a good thing there are dependable insurance companies that offer the best retirement plans in Singapore in 2021 without costing you a fortune!

If you’re eager to know which insurance providers have the best retirement planning in Singapore, consider yourself lucky. Today, we’re doing a rundown of the best retirement plans in the island!

The Best Retirement Plans in Singapore

1. MoneyOwl


BEST FOR Comprehensive range of life insurance
SERVICES Financial planning, insurance, investments, and wills
ADDRESS 23 Keong Saik Road
Singapore 089130

Monday to Friday: 9am – 6pm
(After 6pm by appointment only)
Saturday: By appointment only

MoneyOwl is a financial adviser and fund management company licensed by the MAS. They aim to empower you to live life to the fullest by helping you make wise money decisions easily and confidently.

Unlike other companies, they have an app that automatically generates a customized retirement plan based on the user’s monthly salary and expected monthly expenses during their working life. The generated plan will then show how much they need to save each month in order to retire comfortably.

We recommend them because of how they offers various packages that are tailored for different types of financial products, such as cash savings, stocks, annuities, debt management etc. They even have an automatic withdrawal module which calculates the amount of money generated from your investments and sends it to your bank account at an interval you prefer – daily or weekly by default.


  • Has a mobile application for easier access
  • Highly customisable plans
  • Available after office hours by appointment

2.  Aviva Insurance

Aviva Insurance's Homepage

BEST FOR  Life Plans
SERVICES Retirement Planning, Personal Accident Insurance, Travel Insurance, Home Insurance, Health Insurance, and Commercial Insurance
ADDRESS 4 Shenton Way, #01-01 SGX Centre, Singapore 068807
CONTACT DETAILS +65 6827 7988 | [email protected]
OPERATING HOURS Monday – Friday, 8:45 AM – 5:30 PM

With the help of Aviva’s MyRetirement, you no longer have to worry about being stable and secure in the future. It’s among the most purchased and best retirement plans in Singapore in 2021 given its wide inclusions and benefits.

Another thing worth noting about MyRetirement is the option for flexible payment structures. These allow clients to manage their monthly expenses.

Clients also have the liberty to choose their own retirement age, so they know when they can expect to receive benefits.

What’s more, it only costs $39.95/month, a lot cheaper compared to other retirement plans. With this, Aviva proves that having a stable future doesn’t need to be at the cost of the present. When it comes to cost and plans, we consider it to be one of the most affordable and best retirement plans in Singapore. 


  • Choice of retirement age
  • Flexible premium terms
  • Hassle-free application


3.  Manulife Insurance

Manulife Insurance's Homepage

BEST FOR  Loss of Independence Income
SERVICES Retirement Planning, Critical Illness Insurance, Accident Insurance, and Medical & Hospitalisation
ADDRESS 8 #01-01A, Cross St, Manulife Tower, Singapore 048424
CONTACT DETAILS +65 6833 8188
OPERATING HOURS Monday – Friday, 9:00 AM – 6:00 PM

If you’re searching for retirement planning in Singapore that guarantees monthly income for life, then look no further than Manulife’s RetireReady Plus. It allows retirees to live their best life without the pressure of losing financial stability in the future.

It’s no secret that Manulife is among the top options for the best retirement plans in Singapore thanks to its comprehensive benefits and coverage. Its benefits include death coverage that removes the burden from your loved ones’ shoulders in case something happens to you.

More importantly, applying for RetireReady Plus is extremely easy and convenient! No need to go through hoops just to have your application approved.


  • Guaranteed monthly income
  • Death coverage

4.  AXA Insurance

AXA Insurance's Homepage

BEST FOR  Plan Flexibility
SERVICES Retirement Planning, Personal Accident Insurance, Travel Insurance, Car Insurance, and Helper Insurance
ADDRESS 8 Shenton Way, #24-01 AXA Tower, Singapore 068811
CONTACT DETAILS +65 6880 4888
OPERATING HOURS Monday – Friday, 9:00 AM – 5:30 PM

AXA is known for offering different retirement packages, but its Retire Happy Plus remains one of its best retirement plans in Singapore due to its flexible payment scheme and wide coverage.

Unlike other retirement plans in Singapore, you can set your own retirement age with Retire Happy Plus. You can even retire as young as 50 years old, depending on how early you want to reap your benefits.

Moreover, there’s no need to worry about monthly finances during retirement because it guarantees monthly income for the rest of your life. Imagine not having to work even as you continue earning money to sustain your family’s needs!

Such qualities are enough for us to consider AXA among the top options for the best retirement planning in Singapore.


  • Flexible payment terms
  • Choice of retirement
  • Death benefit

5.  Income Insurance

Income Insurance's Homepage

BEST FOR  Easy Application
SERVICES Retirement Planning, Travel Insurance, Home Insurance, Maid Insurance, and Commercial Insurance
ADDRESS 3 Gateway Dr, #02-40B Westgate, Singapore 608532
CONTACT DETAILS +65 6788 1777
OPERATING HOURS Monday – Friday, 10:00 AM – 7:00 PM

If you want a retirement plan in Singapore that includes frequent bonuses, then Income’s Gro Retire Ease would be the ideal option for you. You won’t have to worry about retirement life when you’re protected by one of the most affordable and best retirement planning in Singapore.

More than this, it includes a lot of benefits such as a death benefit, accident benefit, and disability care benefit. It’s among the few Singapore retirement plans that look after your family in case something unfortunate happens to you.


  • Choice of retirement age
  • Frequent bonuses
  • Death and accident benefits

6.  AIA Insurance

AIA Insurance's Homepage

BEST FOR  Choice of Premium Terms
SERVICES Retirement Planning, Critical Illness Insurance, Accident Protection, Medical Insurance, Life Insurance, Savings, Investments, and Disability Income Protection
ADDRESS 1 Robinson Rd, AIA Tower, Singapore 048542
CONTACT DETAILS +65 1800 248 8000
OPERATING HOURS Monday – Friday, 8:45 AM – 5:30 PM

Retirement Saver (III) stands as AIA’s most in-demand retirement plans in Singapore due to its wide coverage and flexible payment terms.

While it’s known for its lenient payment scheme, it does fall a bit short when it comes to monthly retirement salary. If other plans provide lifelong salary, Retirement Saver (III) can only guarantee income for the next 15 years.

However, customers seem to like that they can choose their own retirement age and how they want to pay for their monthly dues. If 5 years isn’t enough to pay everything, clients can go as long as 10 years!


  • Future returns
  • Flexible payment terms

7.  Singapore Financial Planners

Singapore Financial Planners' Homepage

BEST FOR  Retirement planning
SERVICES Life Insurance
Health Insurance
Pregnancy Insurance
Personal Accident Insurance Retirement Planning
CONTACT DETAILS (+65)96319431 | [email protected]

You don’t have to worry about having a stable and protected future anymore, as Singapore Financial Planners will certainly help you! They are among the best insurance and investment companies in Singapore, given their highly certified financial consultants and their wide inclusions and benefits.

Singapore Financial Planners has already helped thousand of individuals in providing insurances and investments everyone can choose from, such as health insurance, life insurance, personal investments and many others. Whether you’re new or experienced in financial planning, you can rest assured that they will give you a financial service that is suited for your needs.

Thousands of possibilities are waiting for you. Entrust your insurance and investment with them today– they will be there to assist and guide you not just in finding the best retirement plans in Singapore for you, but to guide you in your future.


  • Professional and highly trained financial consultants
  • Accommodating staff
  • Wide range of insurances

8. PolicyPal

PolicyPal's Homepage

BEST FOR Comprehensive range of life insurance
ADDRESS 38 Eng Hoon Street Singapore 169783
CONTACT DETAILS +65 3163 9184 | [email protected] 

Whether you would like a longer coverage term, waiver of future premium or the option to use your Supplementary Retirement Scheme (SRS). PolicyPal can match you with a retirement policy in Singapore that will give the peace of mind in your golden years.

You can adjust the income payout period at your own pace and needs.

With PolicyPal, you can compare between different insurers to find the retirement solution that truly fits you.


  • Customer-oriented
  • Value for money
  • Time-Saving


And that’s a wrap for our list of the top insurance providers for the best retirement planning in Singapore. We hope you were able to pick at least one company to settle your future with.

If we missed out on any great retirement plans, let us know of their names and we’ll check if we can add them to our list!

By the way, if you also want yourself and your family protected in case of an accident, you might want to check out our list of the best personal accident insurance in Singapore. Signing up for any of these insurance packages guarantees that money won’t be a problem in case something unfortunate happens.

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